Driving nearly four hours across the state border to place bets on your favorite team is a gamble in itself. But what if it could be done — legally — from the very comfort of our home state?
California State Senator Roderick Wright is pushing for a bill that would legalize cash-only sports betting for everyone who is 21 and older. The bill would limit betting to locations that already allow it, such as race tracks and card rooms, and it would exclude California college sports.
Wright said the state could earn seven-and-a-half percent of the betting in taxes.
The senator pointed out that Californians are already spending $1 billion in Nevada on sports gaming, and keeping that money in the Golden State could mean some serious cash flow:
“$50 to $70 million a year is what [California’s] share would be. It’s not chicken feed is all I’m saying.”